The triple-A team announced that Alliance Baseball Omaha has purchased the minor league baseball team. The group is led by businessman and entrepreneur Gary Green and his partner, Larry Botel.

"The Storm Chasers' success is what attracted us initially and the team's recent recognition by Forbes.com as one of the top 20 minor league franchises only confirmed our confidence in their success. We look forward to building an even brighter future together," said Green.

21 years ago, billionaire Warren Buffett bought 25 percent of the then-Royals, which he said was to keep the team in Omaha.

"This is a baseball town," said Buffett.

Green also recognized Omaha's deep baseball tradition, and said he will keep the fans first.

"We're not in the baseball business. We don't touch when the players come in. We're in the carnival business, and we're in the memory-making business," said Green.

Green also said that the current management of the team, led by President and General Manager Martie Cordaro, will remain in place.

Green and Botel are also partners in the Richmond Flying Squirrels, a San Francisco Giants double-A affiliate in Richmond, Va.